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20121006
20121006
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politics. >> the latest job numbers were good news for u.s. president barack obama. for the first time since he took office, the unemployment rate fell below 8%. but his challenger, mitt romney, had a different take on the figures. he says they are actually a sign that things are getting worse. >> the unemployment rate, as you noted this year, has come down very slowly, but it has come down on the less. reason it has come down this year is primarily due to the fact that more and more people have just stopped looking for work. >> today's news certainly is not an excuse to try to talk down the economy to score a few political points. it is a reminder that this country has come too far to turn back now. we have made too much progress to return to the policies that led to the crisis in the first place. >> the two candidates have made radically different proposals on the way the u.s. economy should develop. it is not yet clear what effect the new employment numbers will have on the race for the white house. >> let's turn to the markets now and take a closer look at some market numbers. the
provide a boost to president barack obama. u.s. department officials say the unemployment rate dropped to 7.8% last month down 0.3 percentage points since august. the lowest since obama took office in 2009. they added 114,000 non-farm jobs. the non-farm sector is considered particularly sensitive to economic trends. 44,000 jobs were added in the health care sector. manufacturing employment edged down shedding 16,000 jobs. for analysis we spoke to gene maki. >> the unemployment rate has been falling. it's fallen from a peak of about 10% to about 7.8%. we think that decline will continue. so we believe that a year from now at the end of 2013, the unemployment rate will be at 7.1%. so moderate job growth is enough in the u.s. to push the unemployment rate down and that's what we've been seeing and continue to see. that's what we expect as we look ahead. we think if the fourth quarter job growth continues, reasonable 160,000 per month. and we do expect that to lead to further declines in the unemployment rate in coming months. the september employment rate will undoubtedly be seen as a pos
Search Results 0 to 1 of about 2